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  3. the company wishes to maximize the total revenues.

The company wishes to maximize the total revenues. Can you comment without doing any calculations whether...

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Economics

The company wishes to maximize the total revenues. Can youcomment without doing any calculations whether the price would needto be higher or lower than the profit-maximizing price? Explainyour answer (Make sure not to use any calculations/numbers toexplain your answer).

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A sales maximising firm willneed to lower the its price as compared to profit maximisingpriceIn order to understand it will be necessary to know what    See Answer
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